Facebook to pay more millions in UK tax

Facebook said recently that it is to pay millions more in tax after overhauling its structure, last year it was revealed that it paid just £4,327 in corporation tax in 2014. This was against UK revenues of £105m in 2014 – a year where it made a profit on its worldwide operation of almost £2bn.

How much more tax this means Facebook will pay has not been made clear.

But according to figures from data firm DueDil, Facebook UK paid £855,832 in tax from 2007-2014.

It made a pre-tax loss of £54,186,962 in that period, and its most recent turnover (according to 2014 figures) was £105m.

In Ireland from 2008 to 2014, Facebook Ireland paid €14,868,000 (£11,505,549) in tax and it made a pre-tax profit of €3,270,000 (£2,530,619) in that period.